What happens if my company misses the audited accounts filing deadline?

Under the Companies Act, Chapter 386 of the Laws of Malta, companies are required to prepare and file audited financial statements within a set period after their financial year end, and late filing typically triggers escalating administrative penalties the longer the delay continues, payable to the Malta Business Registry (MBR). Beyond the financial penalty itself, persistent and prolonged non-compliance with filing obligations can eventually lead the Registrar to take further enforcement action, including the risk of the company being struck off the register if the situation is not remedied. As a director, you also carry a general duty to ensure the company complies with its statutory obligations, so a pattern of repeated late filings, even if caused by a third party such as your accountant, is still something you are ultimately responsible for addressing. The priority now should be finalising and submitting the outstanding accounts as quickly as possible to stop further penalties accruing, and putting a clearer process or deadline arrangement in place with your accountant going forward to avoid a repeat.